SEATTLE, AP -- SEATTLE, AP -- Amazon.com Inc. reported a third-quarter profit of $9.88 Billion on Thursday.
The Seattle-based firm reported 94 cents in profit per share. The adjusted earnings per share, after non-recurring gains were 85 cents.
The results exceeded Wall Street's expectations. Zacks Investment Research surveyed 13 analysts who estimated earnings per share of 58 cents.
Online retailer made $143,08 billion during the period. This was also higher than Street expectations. Zacks surveyed 15 analysts who expected $141.53billion.
Amazon expects to generate revenue between $160 billion and $167 billion for the current quarter, which ends in December. Zacks' analysts had predicted revenue of $121.33 Billion.
Amazon shares are up 43% from the start of the year. The S&P 500 is up nearly 8%. In the final moments of Thursday's trading, shares reached $119.77. This represents an increase of approximately 4% over the past 12 months.
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